August 2016 Business Matters Newsletter

Business Matters Header

Unemployment rate drops to 3.8 percent in Roseville

unemployment rate July 2016

The unemployment rate in Roseville is in the lowest 4 percent in the state, 20th of 482 cities in California.


Vacancy rates in Roseville continue to fall

vacancy rates

Source: CoStar 

Vacancy rates across the industrial, office and retail sectors in Roseville have dropped significantly since 2010.

The industrial sector rate dropped from 15% to 8.2%, the office sector rate dropped from 26% to 11.8%, and the retail sector rate dropped from 11.5% to 8.4%.

University of Warwick logo

University of Warwick looks to offer classes in Roseville in 2018; bring 1,250 jobs to Placer County

The University of Warwick anticipates offering two graduate programs in 2018 at a location in Roseville, subject to regulatory approvals in California, university representatives said last week. Efforts to recruit students would begin in 2017.

The university also unveiled a study that estimates the proposed campus along Roseville's western border in Placer County would have an annual economic impact of nearly $600 million by its 10th year of operation.

"Warwick University projects $584 million annual impact in Roseville" - Roseville Press Tribune

"Here’s how many jobs University of Warwick would create in Placer County" - Sacramento Business Journal

"British university to offer classes in Roseville in 2018" - Sacramento Bee

Sacramento Business Journal names Panzica CFO of the Year

"My goal is to make the City of Roseville's budget more accurate, predictable and easy to understand," said Jay Panzica, the City of Roseville's Chief Financial Officer and large public agency CFO of the Year.

Panzica was presented the award July 14 by the Sacramento Business Journal.

"By overhauling our whole budget process, Jay has changed our culture," said City Manager Rob Jensen. "Now, we're looking at the budgeting differently, including using a contingency fund allowing us to address unexpected opportunities and expenses that may emerge during the year."

Read more about the city's FY16-17 budget

Find out more about the CFO award

Jay Panzica

Transportation funding on November ballot

There is a plan to raise about $1.6 billion to fund Placer County specific highway projects, public transit expansion, local street maintenance and improvements including Highway 65 widening and the Highway 65 / I-80 interchange.

A ballot measure to increase retail sales tax by a half percent to raise funds for transportation improvements in Placer County was placed on the November 8, 2016, presidential general election ballot by the Placer County Board of Supervisors.

Find out more

What you need to know before using an A-frame sign

Businesses in Roseville will be able to use A-frame signs without a permit beginning August 20, 2016 under specific conditions.  Download this printable flyer for with all the information.

Job Fair

Tri County Job Fair to be held August 18

The Tri County Job Fair provides an excellent opportunity for job seekers to meet with businesses within the region and demonstrate their qualifications.  This year's event will be held from 9 a.m. - noon, Thursday, August 18 at William Jessup University.

Find out more


advenstist 2

Adventist Health has applied for planning entitlements to construct 5-story corporate offices within the Stone Point development at 1401 Eureka Rd.

Adventist Health is a faith-based, nonprofit integrated health delivery system serving communities in California, Hawaii, Oregon and Washington.

yummy cookie


The Yummy Cookie will be baking at 10305 Fairway Drive Suite 110. Tenant improvement plans are underway with a valuation of approximately $98,000.

What's New at Westfield Galleria

  •  Van's in Suite 236
  •  Quickly (Boba) in Suite 1000
  •  Talbots remodel in Suite 131
  •  Hot Dog on a Stick in the Food Court



Xtreme Halloween will be back at The Fountains at Roseville located at 1033 Reserve Drive.